“Black Monday” Warning Issued For Bitcoin
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April 6, 2025 2:22 pm
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Bitcoin has found itself sliding under $80,000 over the weekend.
Bitcoin has slid 5% over the weekend and is currently trading at $78,892.92.
The 5% drop has many cryptocurrency experts predicting a “Black Monday” event occurring tomorrow.
The last “Black Monday” event occurred in March of 2020, which was considered the toughest day in the cryptocurrency market’s history.
everyone’s talking Black Monday
bruh, we just had Black Sunday 🕳️$417M longs liquidated
worst day since March 10 💀 pic.twitter.com/fqCkJRp8Pn— Bald Research 👨🏼🦲🔎 (@bald_research) April 6, 2025
The declines in the US stock market are similar to the "Black Monday" decline in 1987.
Do you think; Will the declines in the US stock market continue? How will the declines reflect on $BTC and altcoins? Could there be historic opportunities for Bitcoin and altcoins? The world… pic.twitter.com/zEjlKeO5Qe
— Crypto News Portal (@TerraNewsEN) April 5, 2025
Per Investing:
What’s on the minds of cryptocurrency enthusiasts this weekend? Touching grass? Planning their summer vacation?
No, today, Sunday, April 6, the minds of most crypto market participants, judging by what social media are full of, are threatened by the idea that tomorrow may turn into a “Black Monday” not only for the traditional market, but for Bitcoin (BTC) and other digital assets too.
Arthur Hayes, a popular speaker and former CEO of the cryptocurrency exchange BitMex, also asks his audience the question with these two ominous words in formula. For the expert, all eyes are on 6 p.m. GMT — the time when futures on S&P 500 open.
However, what’s important too is what time it will be in Asia when the U.S. market opens. And since Bitcoin has not done much over the weekend, there is little to zero to tell the market which way things will shake out.
The last “Black Monday” was seen back in 2020, March 16 to be exact, and it was the second one in that month — one of the toughest days in market history, which happened amid pandemic escalation and recession fears. Some analysts are saying that this one is even worse than the infamous 1987 one by sheer numbers.
Pre-Black Monday Crypto Crash Continues$BTC is already down 5%, $XRP is down 7%, and $ETH has dropped more than 10%.
Why is scamming retail investors so common in the crypto world? Are "crypto whales" just waiting for low-volume Sundays to crash the market? Or is it massive… pic.twitter.com/GfiiRXSiZc
— Data Driven Stocks (@stockdatamarket) April 6, 2025
Per Reuters:
Bitcoin, the world’s largest cryptocurrency by market value, was down by around 5% at $78,892.92 at 1855 GMT on Sunday.
Ether, the second largest cryptocurrency, was down by around 9.62% at $1617.65 at 1859 GMT on Sunday.
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